The Economy 2.0: Microeconomics
The Economy 2.0: Microeconomics
£61.99
Recessions
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£115.99
A critical consideration in understanding business cycles is the amplification and propagation of shocks to the economic system. Many recessions seem to arise without a clearly identifiable cause or at least one of significant magnitude to justify an economy-wide recession. How can a small shock cause large changes in the economy? What are the mechanisms that amplify a modest shock such that a serious recession ensues? Despite the persistent search for a mechanism for business cycle amplification and propagation, much research in business cycles seems to ignore the likely role of the financial system. If a shock to the economy inhibits the capital allocation capability of an economy, then a seemingly mild shock may be amplified through its impact on new investment thereby snuffing out economic growth and causing a recession. This book provides new research on the field of recessions from around the globe.
- ISBN-13
- 9781604568660
- Publisher
- Nova Science Publishers Inc
- Publication date
- 5 May 2009
- Format
- Hardback
- Pages
- 174
- Dimensions
- 180 x 260 mm
- Illustrations
- tables & charts
- Language
- English
